Regional Disruptions Drive Changes in Global Container Port Performance Ranking

Rhea-AI Summary

The latest Container Port Performance Index (CPPI) for 2023, developed by the World Bank and S&P Global Market Intelligence, highlights the dominance of East and Southeast Asian ports, with 13 out of the top 20 positions. The report is based on an extensive dataset of over 182,000 vessel calls and 381 million TEUs. Despite easing pandemic-induced challenges, container shipping remains volatile, necessitating investments in resilience, technology, and green infrastructure.

New entrants include Muuga Harbour and Port of Al Duqm. Visakhapatnam Port in India broke into the top 20, while Middle Eastern ports saw a decline. China's Yangshan Port retained the top spot, followed by Oman's Port of Salalah and Colombia's Port of Cartagena. The CPPI ranks 405 ports globally, aiming to enhance efficiency and reduce delays that impact economic development.

Positive

• East and Southeast Asian ports dominate the top 20, indicating strong regional performance.
• Yangshan Port in China retains the top spot, showcasing consistent high efficiency.
• Port of Cartagena in Colombia ascends to 3rd place, highlighting significant improvement.
• Visakhapatnam Port in India enters the top 20, indicating an upward trend in performance.
• Dar es Salaam Port in Tanzania reduces ship arrival times by 57%, showing efficiency gains.

Negative

• Middle Eastern ports in UAE, Saudi Arabia, and Qatar experience ranking declines, indicating performance issues.
• Persistent volatility and unpredictability in container shipping sectors, even post-pandemic.
• Need for major ports to invest heavily in resilience, technology, and green infrastructure to maintain stability.

Global maritime shifts impact container port performance; large Asian ports continue to excel

NEW YORK and WASHINGTON, June 4, 2024 /PRNewswire/ -- The newest global Container Port Performance Index (CPPI) reveals that East and Southeast Asian ports excelled in 2023, accounting for 13 of the top 20 places.

Developed by the World Bank and S&P Global Market Intelligence, the fourth edition of CPPI is based on the biggest dataset ever: more than 182,000 vessel calls, 238.2 million moves, and about 381 million twenty-foot equivalents (TEUs) for the full calendar year of 2023. More than 80% of merchandise trade is transported by sea, so the resilience, efficiency, and overall performance of ports is crucial to global markets and economic development.

Regional disruptions impacted port performance everywhere, according to the new report.

"While the challenges caused by the COVID-19 pandemic and its aftermath eased further in 2023, container shipping continues to be an unpredictable and volatile sector," said Martin Humphreys, Lead Transport Economist at the World Bank. "Major ports need to invest in resilience, new technology, and green infrastructure to ensure the stability of global markets and the sustainability of the shipping industry."

There are 57 new ports in the CPPI 2023, including Muuga Harbour in Estonia and Port of Al Duqm in Oman, as well as several notable movers. One of the major Indian ports, Visakhapatnam Port, made it into the top 20. Despite its relatively low ranking, Dar es Salaam Port in Tanzania managed to shave ship arrival times by 57%. Meanwhile, some Middle Eastern ports, such as those in the United Arab Emirates, Saudi Arabia and Qatar, experienced a decline from their previous high rankings. 

"There is a greater awareness and focus on resilience and efficiency of maritime gateways and greater understanding of negative impact of port delays on economic development," said Turloch Mooney, Head of Port Intelligence & Analytics at S&P Global Market Intelligence. "The highly interconnected nature of container shipping means the negative effect of poor performance in a port can extend beyond that port's hinterland and disrupt entire schedules. This increases the cost of imports and exports, reduces competitiveness and hinders economic growth and poverty reduction."

Looking at the top-performing ports, China's Yangshan Port earned the top spot for the second consecutive year, while Oman's Port of Salalah retained the number two position. The port of Cartagena in Colombia ascended to 3^rd place. Tanger-Mediterranean of Morocco held steady in 4^th, and Tanjung Pelepas Port in Malaysia rounded out the top 5.

The CPPI ranks 405 global container ports by efficiency, focusing on the duration of port stay for container vessels. Its primary aim is to identify areas for enhancement for the benefit of multiple stakeholders in the global trading system and supply chains, from ports to shipping lines, national governments, and consumers. 

The full index can be found here.

Contacts:  

World Bank
Erin Scronce
Tel: +1 (202) 473 3082
escronce@worldbank.org

S&P Global Market Intelligence
SungHa Park
Tel: +81 3 6262 1757
sungha.park@spglobal.com  

About the Container Port Performance Index (CPPI)

Developed by the World Bank and S&P Global Market Intelligence, the global Container Port Performance Index is a comparable index of global container port performance intended to serve as a reference point for key stakeholders in the global economy, including national governments, port authorities, development agencies, supra-national organizations and private operators of trade, logistics and supply chain services.

About the World Bank (www.worldbank.org/transport) 

The World Bank Group has a bold vision: to create a world free of poverty on a livable planet. In more than 100 countries, the World Bank Group provides financing, advice, and innovative solutions that improve lives by creating jobs, strengthening economic growth, and confronting the most urgent global development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries. It consists of the World Bank, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). For more information, please visit www.worldbank.org, www.miga.org, and www.ifc.org. 

About S&P Global Market Intelligence (www.spglobal.com/marketintelligence)

At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/regional-disruptions-drive-changes-in-global-container-port-performance-ranking-302163320.html

SOURCE S&P Global Market Intelligence

FAQ

What is the Container Port Performance Index (CPPI) 2023?

The CPPI 2023 is a report developed by the World Bank and S&P Global Market Intelligence, ranking 405 global container ports based on efficiency and duration of port stays for container vessels.

Which port ranked highest in the CPPI 2023?

China's Yangshan Port ranked highest in the CPPI 2023, retaining the top spot for the second consecutive year.

How did East and Southeast Asian ports perform in the CPPI 2023?

East and Southeast Asian ports excelled, securing 13 out of the top 20 positions in the CPPI 2023.

Which new ports were added to the CPPI 2023?

New ports added to the CPPI 2023 include Muuga Harbour in Estonia and Port of Al Duqm in Oman.

What significant changes were observed in Middle Eastern ports in the CPPI 2023?

Middle Eastern ports in UAE, Saudi Arabia, and Qatar saw a decline from their previous high rankings in the CPPI 2023.

What is the importance of port performance according to the CPPI 2023?

Port performance is important for the resilience, efficiency, and overall stability of global markets and economic development.